COVID-19 Resources for the Card Industry
Cards in the Time of Coronavirus
The coronavirus pandemic has caused huge disruptions in all aspects of global life, including the transaction card industry. It is likely that, until an effective vaccine and/or herd immunity have been developed, these disruptions will continue.
ICMA’s webcast addressed how the card industry can adapt to the “new normal” of social distancing while continuing to protect its employees, adjust its supply chains, adapt its product offerings and serve and support its customers.
A panel of card industry companies discuss alternative strategies in each of these areas, as well as offer insights into projections these changes may have on the industry.
Moderator: David Tushie, ICMA Standards Representative, Magellan Consulting
- Michael Dorner, CEO, Variuscard
- Jack Jania, VP, Product Management and Innovation, CPI Card Group
- John Schneiderhan, Product Manager, Cards & Graphics Americas, Klöckner Pentaplast
- Keith Yeates, CEO, Bristol ID Technologies
COVID-19 Magnifies Benefits of Smart Factories for Card Manufacturers
Card manufacturers adopting software and hardware advancements are benefiting from more productive factories, better quality products and overall production cost reductions. Those introducing new technologies onto the plant floor are also gaining a competitive edge, especially as businesses across the world navigate the COVID-19 crisis and its impact on manufacturing operations. Read More
ICMA Members Transform Manufacturing to Combat COVID-19
As COVID-19 continues to impact the world in unprecedented ways, the need for protective equipment is on the rise for health care professionals and essential workers. To help, many manufacturers are identifying creative ways to produce much needed supplies, and some have even shifted entirely to pandemic operations. Read More
Will COVID-19 Spur a Rise in Contactless Gift Cards?
Amid COVID-19, many small- to medium-sized businesses have found a way to secure cash flow while adhering to social distancing guidelines that have been put in place to minimize the spread of the coronavirus. Businesses are asking customers to support them by purchasing gift cards now for redemption when recovery comes. Millions of Americans have stepped up to make that investment, helping local merchants make it through the pandemic. Read More
COVID-19 Boosts Demand for Contactless Cards
The past decade spearheaded a revolution in payment methods and form factors around the globe, from digital wallets like Apple Pay®, Samsung Pay and Google Pay™, to contactless wearables and payment objects. Now, years in the making, the U.S. card market is finally ripe for contactless payments and widespread adoption may ramp up as a result of the coronavirus pandemic. Read More
Amid COVID-19, Automation Benefits Card Manufacturers
Automation improvements in card manufacturing technology and equipment have made factories more productive than ever, increasing throughput, reducing waste and expanding the flexibility of the production floor. The smartification of manufacturing will continue to improve factory production and increase the need for tech-savvy workers. And it is paying dividends in the era of COVID-19. Read More
- May 21, 2020 – Pandemic Signals Growth for Contactless Biometrics Market
- May 13, 2020 – COVID-19 Will Drive Global Contactless Payment Card Issuance Above the 2 Billion Mark in 2020
- May 12, 2020 – Majority Worldwide Turns to Contactless Card Payments for Necessary Purchases
- May 11, 2020 – Biometrics Companies Seek Position as Contactless Payments Market Growth Accelerates
- May 27, 2020 – Role of Digital Payments in Living Through COVID-19 Pandemic
- May 11, 2020 – Mobile Payments May Soar, Thanks to COVID-19